The Fed’s statement and forecasts draw a picture of a central bank that is on its heels and looking to ascertain the difference between signal and noise amid rising uncertainty as it determines its policy … READ MORE >
Jerome Powell
Job growth cools in January amid revisions to labor force estimate
The tailwind in the American economy resulted in 143,000 jobs added in January and a decline in the jobless rate to 4%. … READ MORE >
Fed pauses rate cuts as inflation flattens out and policy changes loom
The Fed’s decisions set up an inevitable clash with President Trump, who is on record as wanting lower rates in contrast with the hawkish pause adopted by the Fed. … READ MORE >
Morning market minute: The questions that Powell will not want to answer
Jerome Powell’s answers to questions about trade and fiscal policy will drive volatility given the sensitivity of the U.S. 10-year Treasury yield and the American dollar to growing policy uncertainty. … READ MORE >
Fed cuts rates as it signals a prudent pause to assess policy uncertainty
The Federal Reserve reduced its policy rate by 25 basis points to a range between 4.25% and 4.5% at its meeting on Wednesday. … READ MORE >
Fed cuts rate by a quarter point ahead of a possible pause
Slowing inflation and strong productivity gains imply that the Fed has ample room to keep cutting rates next year. … READ MORE >
Fed cuts rates to support a soft landing in the economy
The Federal Reserve on Wednesday reduced its policy rate by 50 basis points to a range between 4.75% and 5% to protect full employment and preserve the soft landing in the economy. … READ MORE >
FOMC preview: Why the Fed’s pivot to lower rates matters
The Fed’s policy decision next week will put forward major changes to its outlook, including the dot plot, the Summary of Economic Projections and the language within the statement around economic conditions. … READ MORE >
Expect strong U.S. jobs report for August, but the devil is in the details
We expect a net gain in total employment of 175,000 jobs and an unemployment rate of 4.2% when the employment report is released on Sept. 6. … READ MORE >
Powell at Jackson Hole: Policy pivot signals the start of rate cuts
The Fed will need to put forward an appropriate framework—including a possible new inflation target—to communicate the rapid changes affecting the economy to the public, policymakers and investors. … READ MORE >